Russia: State fund looks to plug gaps

As Russian corporate debt swells to over $500 billion and foreign loans become more expensive due to the strengthening rouble, the Kremlin is hoping that its new state-led private equity fund can plug some of the gaps left by a dearth of foreign direct investment.
The $10 billion Russia Sovereign Direct Investments Fund, a brainchild of President Dmitry Medvedev, in May appointed as its CEO Kirill Dmitriyev, a 36-year-old Stanford and Harvard graduate who has run the Icon and Delta private equity funds in Russia……………………………………….Full Article: Source